Notes to the Group’s Financial Statements
Select note 1–42
| 22 Taxes | |||||
| EURm | 2016 | 2015 | |||
| Profit before tax | 1,871 | 1,888 | |||
| Tax calculated at parent company's tax rate | -374 | -378 | |||
| Different tax rates on overseas earnings | -14 | -25 | |||
| Income not subject to tax | 7 | 2 | |||
| Expenses not allowable for tax purposes | -4 | -2 | |||
| Consolidation procedures and eliminations | 165 | 168 | |||
| Tax losses for which no deferred tax asset has been recognised | 2 | 0 | |||
| Changes in tax rates | 0 | 5 | |||
| Tax from previous years | -3 | -1 | |||
| Total | -221 | -232 | |||
The tables for the Financial Statements are also available in Excel format.